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Aug 19, 2014

Raising flag B in TDS statements against Form 15G/H for FY 2013-14

As you may be aware that the depositors submit form 15G/H to the bank for no deduction of tax to be made on the interest payments made to them.

However , it has been observed in your case that you have not raised Flag 'B'(No deduction on account of 15G/H) even against a single transactionas reported in the TDS Statement(s)(Form 26Q) submitted for various quartersof Financial Year 2013-14.

It is highly improbable that not even a single depositor has submitted form 15G/H to you for non-deduction of tax on the interest payments. Accordingly, you are advised to take the following action:

Actions to be taken:

Check the details of 15G/H cases from your source data.

Download the Conso File from our portal. Please use the e-tutorial for necessary help.